Skip to main content

Debt News (Jan 2024)

Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple.

This month’s Debt News in the new year includes the UK’s child poverty highest among the wealthiest nations, rent arrears high in many northern council tenancies, 28% of southern water companies going to service their debts,  Dutch firm challenge ULEZ fine in High Court, Labour considers student loan right off for NHS workers and bitesize stats to get an overview of the causes of debts in Britain. You can also catch up with previous Debt Talk podcasts if you have missed them.


 ———————

Debt News

———————

Child poverty levels in the UK worst among world’s richest nations, UNICEF report finds


Child income poverty rates in the United Kingdom were the highest among the world's richest countries, a report by U.N. children's agency UNICEF said, ranking bottom of the table for changes in those rates in the past decade.

More here: Link


 ———————


Councils across the North East owed total of £16.5m in rent arrears


Five North East councils are owed a total of £16.5m in rent arrears as one authority vowed that 'all debts are appropriately pursued’


More here: Link

 ———————


Water firms use up to 28% of bill payments to service debt in areas of England


More than a quarter of water bills in London and parts of the south of England have been spent paying interest on the debt held by privatised water companies, the Guardian can reveal.


More here: Link


 ———————


Nearly 30,000 businesses will fail in 2024, economists warn


Nearly 30,000 businesses will fail next year under the weight of high interest rates, economists have warned, taking corporate insolvencies to their highest level since 2004...

More here: Link

 ———————


ULEZ: Dutch lorry firms launch High Court challenge over £6.5m in fines in blow to Sadiq Khan


Transport for London (TfL) could be forced to pay back millions in ULEZ fines after Dutch lorry firms launched a first-of-its-kind legal challenge over penalties issued to foreign drivers.


More here: Link

 ———————


Labour considers plan for student loan write-offs to tackle NHS staffing crisis


Newly qualified doctors and nurses in England could have their student loans written off under plans being examined by Labour to tackle the NHS’s staffing crisis.


More here: Link


 ———————


(Dec 2023) - Debt Talk: Debt, housing costs & homelessness (Podcast)


 ———————

Bite Size  stats:

 ———————

There were 24,418 individual insolvencies in England and Wales in Q3 2023, 1,539 fewer than in the previous quarter. The largest increase since the current series began in 2010 was seen between Q2 2020 and Q3 2020. (Commons Library)

 ———————

The total number of repossessions in London during the first three quarters of 2023 was 5,301, including 2,376 Section 21 ("no-fault") evictions. This is compared to 1,919 repossessions through the whole of 2020 when evictions were paused during the COVID-19 pandemic (Trust for London)

 ———————

The outstanding value of all residential mortgage loans decreased by 0.1% from the previous quarter to £1,654.3 billion, and was 0.8% lower than a year earlier (FCA)

 ———————

(Nov 2023) - Debt Talk: Alternative lending & Debt (Podcast)


Labels:

Comments

Post a Comment

Popular posts from this blog

A debt free path for a mental health sufferer

It’s a well-known fact that individuals who suffer from a hampered mental capacity - be it mental health or learning difficulties - are most likely to be vulnerable in our communities. They are also more likely to be victims of miss-sold products and services by companies, even though organisations that are providing financial products and services have a duty under the Financial Conduct Authority (FCA) to take extra care towards these individuals. This is what the FCA has to say about vulnerable customers: ‘  The vulnerability of the customer, in particular where the firm understands the customer has some form of mental capacity limitation or reasonably suspects this to be so because the customer displays indications of some form of mental capacity limitation  (see  ■  CONC 2.10) But due to a culture of intensive selling to consumers, generated by employers placing and enforcing - often difficult and unrealistic - performance goals which are attached to tempting
69 comments
Read more

Betar Bangla radio’s Ripon Ray: How fashionista turned political activist and debt advisor

PUBLISHED:  09:02 13 March 2019 |  UPDATED:  09:03 13 March 2019 Emma Bartholomew Ripon Ray: Picture: Rukya Khan ​Debt advisor and radio talk show host Ripon Ray tells Emma Bartholomew how he’s seeing more and more people who are unable to just pay the basic bills Ripon Ray: Picture: Nick De Marco Self-confessed “arty-farty creative” Ripon Ray originally set out to be a fashionista in life, when he “found his calling” and changed track to become an activist. He’d been studying at the London School of Fashion, but going on an anti-fascist protest “triggered a couple of things”. “I dumped my studies and went to Kingsley College where I was doing full-on activism, and organising protest marches,” he told the  Gazette . “I loved it but I got kicked out of there because I was too much of an activist and I wasn’t focusing on my studies.” He knuckled under, bagged a history degree and started out in the charity sector as a housing advisor. Being mugged i
53 comments
Read more

Shame no more to talk about domestic abuse and money trouble!

Silence can be a deadly killer for women of domestic abuse and instead of just hindering their recovery it could lead to their fatality.  According to the Office of National Statistics (2015), two women are killed every week in England and Wales by a current or former partner in a relationship.   The definition of domestic abuse has been expanded in recent times by legislation: an incident or pattern of incidents of controlling, coercive, threatening, degrading and violent behaviour, including sexual violence. Julia Oviedo, a victim and survivor of domestic abuse, shared her personal experience on  ‘In Conversation with Ripon Ray…the Community Money Matters Show’  on Betar Bangla Radio. It may seem just another story to many listeners but for an individual to talk about such a personal experience requires bravery, confidence and the will to encourage other victims to come forward and share their experiences.   In her case, it was physical violence which she feared
52 comments
Read more